Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 9.41% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $82.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Prudential is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Prudential is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Prudential
Prudential Venture Buys NYC Property in High Line Wager
Mon, 09 Jun 2014 16:18:31 GMT
Bloomberg – Prudential Financial Inc. (PRU) said a joint venture including the insurer’s real-estate arm purchased property in Manhattan’s Chelsea neighborhood for $160 million. Prudential Real Estate Investors and L&L Holding Co. bought three interconnected buildings on West 25th Street comprising 200,000 square feet (18,600 square meters), the companies said today in a statement. The property is adjacent to the High Line, the elevated park built on the site of a former rail line, with plans for an extension that will trace the western edge of Hudson Yards, Related’s $20 billion development. “The unique location of these offices in one of New York ’s most prominent art-gallery districts, combined with the favorable market conditions, and the value L&L brings, made this an extremely attractive transactions for our investors,” David Pahl, a managing director with Prudential Real Estate Investors, said in the statement.
PREI®, L&L Holding Company acquire New York City High Line office properties in $160 million joint venture
Mon, 09 Jun 2014 14:00:00 GMT
Business Wire – In a $160 million joint venture, Prudential Real Estate Investors and L&L Holding Company, LLC, acquired 511-541 West 25th Street, three interconnected office properties in Manhattan’s Chelsea art gallery district, the companies announced today.
Prudential Financial 2014 Financial Strength Symposium presentation materials and live webcast available
Mon, 09 Jun 2014 11:22:00 GMT
Business Wire – Presentation materials for the Prudential Financial, Inc. New York symposium for fixed income analysts and investors, commencing today at 8:30 a.m., are available at Pru
Why You Should Keep A Close Eye on Prudential Financial As the Economy Recovers
Mon, 09 Jun 2014 11:08:33 GMT
PRUDENTIAL FINANCIAL INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
Mon, 09 Jun 2014 11:00:55 GMT
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